The Royal Docks Area Guide
Experience life on the waterfront and discover its hidden gems
LONDON’S MOST EXCITING TRANSFORMATION STORY
London’s gateway to global trade for centuries, today the Royal Docks is the capital’s most exciting transformation story – a huge area of East London set to re-emerge as a globally significant commercial, cultural and residential centre.
Royal Victoria Dock’s wharves and walkways once bustled with workers bringing in produce from across the world. Today they buzz with a new community of young tech, finance and cultural professionals, brought here by the area’s unique waterside lifestyle, proximity to Canary Wharf and new Crossrail links with the City.
Investors are drawn to the Royal DocksRoyal Victoria Dock too - with £314 million investment approved by the Mayor of London, and £8bn of investment and 60,000 new jobs coming to the area over the next 20 years, the indicators are exceptional for future demand and house price growth.
Welcome to the most exciting chapter yet for the Royal Docks.
Connectivity and the Royal Docks Area
Already well connected to the rest of the capital via the DLR and river taxis, the area’s connections are about to get supercharged.
As well as a projected £600m TfL investment in the DLR, the arrival of Crossrail in 2020 will see the Elizabeth line connect to Custom House. Minutes on foot from Royal Eden Docks, Custom House will offer residents fast connections to:
- Canary Wharf – 3 mins
- The City – 10 mins
- Oxford Street – 17 mins.*
London City Airport, on the Royal Docks’ doorstep, is also undergoing a £500 million expansion. Once complete, the airport will offer new links with Europe, the Middle East and North America, and capacity for an extra 2 million+ passengers a year.
Getting around the Royal Docks area is easy too, with the DLR and new, improved waterside cycling routes, as well connections to Greenwich via the Emirates Air Line, London’s only cable car.
*Journey times from Crossrail.co.uk
Investing in property in the Royal Docks
With a booming population, massive inward investment and huge infrastructure improvements, the future looks very bright for the Royal Docks’ rental and resale market.
House prices in Newham have seen growth of 63% over the last five years – the highest of any borough, and double the average for London. And house prices here are still 25% below the London average, making this one of the last pockets of real value and opportunity in East London for early buyers.
With 60,000 new jobs and a flourishing population bound for the Royal Docks, everything is pointing to massively increased demand for quality Royal Docks properties.
With Nationwide also predicting a 9.4% increase in the value of homes near a Crossrail station, and businesses voting with their feet and moving to the area, CBRE have forecast a robust 21% rental value growth and 11% house price growth for the Royal Docks by 2023.
Your Royal Docks area summary
Buyers want to invest in property in the Royal Docks. Here’s why:
- Enviable waterside lifestyle, including buzzing bars, restaurants and cultural attractions, water sports and more.
- £314 million investment package already accelerating the transformation of the Royal Docks and a projected £8bn of investment bound for the area over the next 20 years.
- One of the last pockets of real value in East London – house price growth in Newham double the London average over the last five years, yet prices well below London average.
- Forecast 21% rental value growth and 11% house price growth for the Royal Docks by 2023. (CBRE)
- 60,000 new jobs projected for the Royal Docks over the coming 20 years, driving a booming, youthful new resident population and increased demand for quality rental and sale properties.
- A projected £600m TfL investment in the DLR, and Crossrail arriving at Custom House in 2020, offering journey times of 3 mins to Canary Wharf & 10 mins to the City. (Journey times from Crossrail.co.uk)
- £100m+ investment approved by the Mayor of London will transform public parks, streets and cycling routes around the docks.
- 48 schools rated ‘Outstanding’ by Ofsted within 5km of the Royal Docks, and some of London’s best universities – University College London (UCL), King’s College London (KCL) and the London School of Economics & Political Science (LSE) – less than 30 mins away. (Journey times from tfl.gov.uk and Crossrail.co.uk)